Upon transfer of property subject to a deferred/shared appreciation loan, or an interest therein, to a spouse or heir who occupied the property at the time of mortgagor’s death and who is otherwise eligible for a deferred/shared appreciation loan, if the surviving spouse or heir so chooses and occupies the property, the deferred/shared appreciation loan may be transferred to the spouse or heir. A deferred/shared appreciation loan may not be transferred more than once.
(1995 Code, § 11.28.040) (Ord. 97-1810, passed - -1997; Ord. 97-1800, passed - -1997)